402 Broad AvePalisades ParkNJ07650
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Palisades Park at 402 Broad Ave, Palisades Park, NJ, 07650 priced at $1,749,888 pairs $3,600/mo rent with after a $8,565/mo payment. Total monthly income equals $3,600/mo. Return on cash invested is 1.59% in year one, and rental yield stands at 2.47% on a $1,749,888 basis. Equity gained on principal adds $11,292/yr, and 5% annual appreciation accumulates to $483,462 by year five. Five-year ROI measures 5.76% and total cumulative return in cash reaches $32,662. For financing, Ziffy Mortgage’s DSCR program evaluates $3,600/mo property income against a $8,565/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07650, Palisades Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,729 (100%) |
| Owner Occupied HU | 2,530 (32.7%) |
| Renter Occupied HU | 4,845 (62.7%) |
| Vacant Housing Units | 354 ( 4.6%) |
| Median Home Value | $791,775 |
| Average Home Value | $790,008 |
Housing Distribution
Address Breakdown
Residential
7,104
Single Family
5,674
Multi-Family
1,430
Businesses
767
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Listed by: Christian Di Stasio • Prominent Properties Sotheby's International Realty-Tenafly
Mls Name: NJMLS
Mls ID: #26001935